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Posted by: Prakash Yedhula 19/04/2009 10:32:03

(i) The bonus payable in a year is subject to 20% of an employee's salary or wages. (ii) Bonus in excess of allocable surplus cannot be claimed by employees. [Oriental Machinery & Civil Construction Pvt. Ltd. v. The 2nd Industrial Tribunal (W.B.), 1978 Lab. I.C. 586 (Cal.)].



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